[¶11,965] In the Matter of The United Banking Company Bank, Nashville,
Georgia, Docket No. 02-042k (9-6-02)

Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $800.

In the Matter of
THE UNITED BANKING
COMPANY BANKNASHVILLE, GEORGIA(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY

FDIC-02-042k

THE UNITED BANKING COMPANY, NASHVILLE, GEORGIA ("Bank") has
been advised of the right to receive a NOTICE OF ASSESSMENT OF CIVIL
MONEY PENALTY, FINDINGS OF FACT AND CONCLUSIONS OF LAW, AND NOTICE OF
HEARING ("NOTICE") issued by the Federal Deposit Insurance
Corporation ("FDIC") detailing the violations for which a civil
money penalty may be assessed against the Bank pursuant to the Flood
Disaster Protection Act ("Flood Act"), as amended, 42 U.S.C.
§4012a, section 8(i)(2) of the Federal Deposit Insurance Act
("FDI Act") 12 U.S.C. §1818(i)(2), and Part 339 of the FDIC
Rules and Regulations, 12 C.F.R. Part 339, and has been further advised
of the right to a hearing on the alleged charges under the Flood Act,
42 U.S.C. §4012a(f), section 8(i) of the FDI Act, 12 U.S.C.
§1818(i), and the FDIC Rules of Practice and Procedure, 12 C.F.R.
Part 308.

Having waived those rights, the Bank entered into a STIPULATION AND
CONSENT TO ORDER TO PAY CIVIL MONEY PENALTY ("AGREEMENT") with a
representative of the Legal Division of the FDIC, whereby solely for
the purpose of this proceeding and without admitting or denying any
violations, the Bank consented and agreed to pay a civil money penalty
in the amount of $800 related to the Bank's failure to maintain flood
insurance on 4 of 5 applicable
{{11-30-02 p.C-5575}}

loans, between 2000 and 2001,
secured by improved real estate located in areas determined by the
Director of the Federal Emergency Management Agency ("FEMA") to
have special flood hazards.

The FDIC considered the matter and determined it had reason to believe
that the Bank has engaged or participated in violations of law or
regulations for which a civil money penalty of $800 is appropriate to
be assessed against the Bank, pursuant to the Flood Act, 42 U.S.C.
§4012a, section 8(i)(2) of the FDI Act, 12 U.S.C. §1818(i)(2),
and Part 339 of the FDIC Rules and Regulations, 12 C.F.R. Part
339.

ORDER TO PAY

IT IS HEREBY ORDERED that THE UNITED BANKING COMPANY, NASHVILLE,
GEORGIA be, and hereby is, assessed a civil money penalty of $800,
pursuant to the Flood Act, 42, U.S.C. §4012a, section 8(i)(2) of the
FDI Act. 12 U.S.C. §1818(i)(2), and Part 339 of the FDIC Rules and
Regulations, 12 C.F.R. Part 339, the receipt of which is acknowledged.